6 Benefits Of Buying A Used Car You Couldn’t Have Guessed!

We know that the 'new car' scent is worth craving for, but you can get the same scent in a well-maintained used car, plus some custom tweaks to the upholstery. Buying a used car is beneficial for first-time buyers because not only is it budget-friendly, but current mechanical servicing standards have reached an all-high at refurbishing a used car to a near-new state.

Agreed; there are those fantastic perks of buying a new car, but a used one with high mileage and a base model is going to be easier on your savings & your monthly installments while fulfilling your needs with a stable cost of ownership!

Here are some benefits we all overlook in our thirst to pay an arm & a leg for a new car!

1. So Many Options for Your Budget

If you have a limited budget, you will have next to no opportunity to self-finance a new car unless you get entangled in a car loan. Any defaults and your lease contract will go void. With a small budget comes a massive assortment of used cars around your local dealerships that you can handle with a loan too.

2. No Depreciation Dips to Worry About

New cars start to depreciate as soon as they leave the car dealership's turf! Carfax puts this drop in value at around 10% by the end of the first month and 20% by the first year. So, when you purchase a used car that's a few years older, you don't have to deal with the cost of depreciation. In fact, you gain on the resale value if you have kept the car in pristine condition.

3. Pocket-Friendly Insurance Rates

Although insurance rates vary by region & car model, they are not that high when to comes to a used car. The highest upfront additional cost you might have to bear is the manageable documentation fees. Insurance rates favor used cars as they are easier to replace than new ones.

4. You Can Avail Extended Warranties

Used cars can come with warranties in some instances, and that really helps supplement the ownership costs until the buyer has covered their car loans. Even if the warranty has ended, there are still extended options available, especially in the case of CPO vehicles.

5. Carfax Tells You All!

Even if you had the budget to invest in a new make, only to find it has some serious performance issues by design, that is an investment & times wasted. With a used car, even a recent make will have all their servicing particulars listed on the Carfax registry in vivid detail! You won't be going in blind for the purchase.

6. An Abundance of Support

Investing in a used car means that you will find many like-minded people and used car owners to help you get better acquainted with the upkeep of your car. Base models are a fancy of budget & saving-oriented shoppers, so you will find all the online car care guides you need.

At Toyota of Ann Arbor, serving Livonia, MI, we stock a vast assortment of the choicest used cars in all of Michigan. Do check out our pre-owned service specials! We can also discuss trade-ins, and you can schedule service with us if you intend to trade!

Please get in touch with us for more details on our pre-owned cars inventory!